Examples of Restricted Note in a sentence
On and after the Resale Restriction Termination Date, shares of Common Stock issued upon conversion of a Restricted Note will be issued in book-entry or certificated form (as determined by the Company) and will bear the Restricted Stock Legend at any time the Company reasonably determines that, to comply with law, such shares of Common Stock must bear the Restricted Stock Legend.
As used in this Section 2.07, the term “ transfer” means any sale, pledge, transfer, loan, hypothecation or other disposition whatsoever of any Restricted Note or any Affiliate Note, any interest therein (including, without limitation, any beneficial interest therein) or any Restricted Stock.
Until the Resale Restriction Termination Date, any shares of Common Stock issued upon the conversion of a Restricted Note will be issued in book-entry form and will bear the Restricted Stock Legend, unless the Company delivers written notice to the Trustee, the Registrar and the transfer agent for the Common Stock stating that such shares of Common Stock need not bear the Restricted Stock Legend.
In the case of paragraph (i) above, such transferee may take delivery of such interest through a Restricted Note.
Any Physical Note (or any security issued in exchange or substitution therefor) that does not constitute a Restricted Note or Affiliate Note may be exchanged for a new Note or Notes of like tenor and aggregate principal amount that do not bear the Restricted Notes Legend or Affiliate Notes Legend, as applicable.